Box-office smash 'Moana 2' drives Disney profit in the first quarter Disney easily topped first-quarter expectations thanks in part to the box office success of “Moana 2.”.
Looking ahead, Disney said that it foresees a modest decline in Disney+ subscribers in the second quarter when compared with the first quarter.
The Walt Disney Co. earned $2.55 billion, or $1.40 per share, for the period ended Dec. 28.
The Burbank, California-based company earned $1.91 billion, or $1.04 per share, in the prior-year period.
The company still anticipates high-single digit adjusted earnings per share growth for fiscal 2025.
